REGISTERED CHARITY NUMBER: 1046985
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
FOR
BALDERTON PRE-SCHOOL
Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
BALDERTON PRE-SCHOOL
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
|
|
Page |
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Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
11 |
Detailed Statement of Financial Activities |
12 |
to |
13 |
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2022.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aims of the Pre Schoolare to enhancethe developmentand educationof childrenprimarilyunder statutoryschoolage by encouraging parents
to understand and provide the needs of their children through community groups and by:
(a)offeringappropriateplay,educationandcarefacilities,familylearningandextendedhoursgroups,togetherwiththerightofparentsto take
responsibilityforandtobecomeinvolvedintheactivitiesofsuchgroups,ensuringthatsuchgroupsofferopportunitiesforallchildren whatever
their race, culture, religion, means or ability;
(b)encouragingthestudyoftheneedsofsuchchildrenandtheirfamiliesandpromotingpublicinterestinandrecognitionofsuchneedsin the
local areas;
(c) instigating and adhering to and furthering the aims and objectives of the Pre School Learning Alliance.
Public benefit
TheCharity'smainactivitiesare runninggroupsand outingsforchildren.In orderto achievethisthe PreSchoolhas a numberofpowerswhich are
listed in the constitution and summarised below:
to provide accommodation and equipment;
to raise money to pay for the Pre School's activities;
to make such payments as shall be necessary.
ThetrusteesconfirmthattheyhavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidanceonpublicbenefit when
reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees note that income decreasedat a greater rate than expenditurein the year to 31 August 2022 which resulted in an excess expenditure of
£15,851.
Feeincomefromparentsincreasedthisyearbecauseofincreasedattendancenumbers.Thisisbecausethepre-schoolhasbeenabletoopen fully
thisyearunlikeprioryearsbecauseofcovidrestrictions.FeeincomefromNottinghamshireCountyCouncildecreasedthisyear.Thisisdueto a
decreasein childrenwhoqualifyfor for 30 hoursof free governmentfunding.The Pre-Schoolsupportsthe 30 hour free childcarefunding available
from the government.
- HolidayClubs (whichcater for both Pre-Schooland Acorn children)the numbers attendingremainedsimilar,howeverhave not yet returnedto pre
covid levels. This is due to parents working from home or looking to save money by sending their children to family members / friends.
-Governmentfunds were receivedthroughoutthe year howeverfundinglevels have decreasedthis year due to the removalof grants in relation to
support with covid-19.
TheStatementofFinancialActivitiesindicatesTotalIncomeResourcesof£286,932(2021:£357,029)andTotalResourcesExpendedof £302,783
(2021: £316,822).
FINANCIAL REVIEW
Reserves policy
AllreservesheldbytheCharityareheldasunrestrictedgeneralfunds.As at31August2022thereservestotalled£106,381(2021:£122,232). The
Charity can use the funds in any way permitted by the constitution which are necessary or desirable to enable the Pre-School to achieve its aims.
Page 1
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
FUTURE PLANS
The trusteesplan to continueenhancingthe developmentand educationof the childrenand deliverthe best standardof childcarewhile continuing
to increase the number of children in attendance at the Pre-School and out of school club.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Thecharityiscontrolledbyitsgoverningdocument,aconstitutionoriginallydrawnupin2011andamendedandapprovedon18May2015, and
constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The trustees are those who make up the Committee.
The charity also has Members, divided in to two groups as follows:-
(1)FamilyMembership-parentsorguardiansofallchildrenwhoattendanygrouprunbythePreSchoolwishingtosupporttheaimsofthe Pre
School. They are entitled to one vote at any General Meetings.
(2)AffiliateMembership-opentothoseindividuals,organisationsorotherbodiesinterestedinsupportingtheaimsofthePreSchool.They are
entitled to one vote at any General Meetings.
Appointment of trustees is governed by the constitution as follows:-
There will be a minimum number of 5 trustees and a maximum number of 12, consisting of:
(a) a Chair, a Treasurer and a Secretary;
(b) not less than 2 not more than 9 other elected trustees; and
(c) optionally a further 3 trustees can be co-opted at any time after the AGM (Annual General Meeting).
The trustee in (a) and (b) above shall be elected for one year at the AGM. Retiring trustees are eligible for re-electionunless they have already served
on the Committeein any capacityfor ten consecutiveyears. Co-optedmembers in (c) above may join at any time on the invitationof the Committee
but shall retire at the next AGM. No co-opted member shall serve for more than 6 consecutive years.
Not less than two weeks before the date of the next AGM each Member shall be sent a form which any Member wishingto stand as a candidate for
election to the Committee must complete and return to Secretary to indicate their willingness to act as a member of the Committee if elected.
AttheAGMtheprospectivenewelectedmembersoftheCommitteewillbethosecandidatesreceivingthehighestnumberofvotesfrom the
Members,uptoamaximumof12electedCommitteemembersintotal.AtthefirstCommitteemeetingfollowingtheAGMatwhichthe newly
electedmembersoftheCommitteeareelectedtheyshallchoosefromamongsttheirnumberthememberswhowillactasChair,Treasurer and
Secretary.
Risk management
Thetrusteeshavea dutyto identifyand reviewthe risksto whichthe charityis exposedand to ensureappropriatecontrolsare in placeto provide
reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1046985
Principal address
Wolfit Avenue
Balderton
Newark
Nottinghamshire
NG24 3PQ
Page 2
BALDERTON PRE-SCHOOL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
Trustees
Mrs C Hopkins Chairman
Ms C L Wilson Company Secretary (appointed 7.5.22)
Mrs L Ward
Mrs L J Sargisson
Mrs P Gregory (resigned 28.11.22)
Independent Examiner
Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
Approved by order of the board of trustees on 19 June 2023 and signed on its behalf by:
Mrs C Hopkins - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALDERTON PRE-SCHOOL
Independent examiner's report to the trustees of Balderton Pre-School
I report to the charity trustees on my examination of the accounts of Balderton Pre-School (the Trust) for the year ended 31 August 2022.
Responsibilities and basis of report
As the charitytrusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirementsof the Charities Act
2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActandincarryingoutmyexaminationI have
followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.IcanconfirmthatIamqualified to
undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwiththeexaminationgiving me
cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concernsand have comeacrossno other mattersin connectionwith the examinationto whichattentionshouldbe drawn in this report in
order to enable a proper understanding of the accounts to be reached.
S SHAW
Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
21 June 2023
Page 4
BALDERTON PRE-SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1
Charitable activities
Charitable activities
286,808
Investment income
2
123
Other income
-
Total
286,932
EXPENDITURE ON
Charitable activities
Charitable activities
302,783
NET INCOME/(EXPENDITURE)
(15,851)
RECONCILIATION OF FUNDS
Total funds brought forward
122,232
TOTAL FUNDS CARRIED FORWARD
106,381 |
2021
Total
funds
£
-
327,726
124
29,179 |
|
357,029 |
|
316,822 |
|
40,207
82,025 |
|
122,232 |
The notes form part of these financial statements
Page 5
BALDERTON PRE-SCHOOL
BALANCE SHEET 31 AUGUST 2022
2022
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
7
4,281
Cash at bank and in hand
137,951
142,232
CREDITORS
Amounts falling due within one year
8
(35,851)
NET CURRENT ASSETS
106,381
TOTAL ASSETS LESS CURRENT LIABILITIES
106,381
NET ASSETS
106,381
FUNDS
10
Unrestricted funds
106,381
TOTAL FUNDS
106,381 |
2021
Total
funds
£
4,339
134,892 |
|
139,231
(16,999) |
|
122,232 |
|
122,232 |
|
122,232 |
|
122,232 |
|
122,232 |
The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2023 and were signed on its behalf by:
C Hopkins - Trustee
The notes form part of these financial statements
Page 6
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charity,which is a public benefit entity under FRS 102, have been prepared in accordancewith the Charities
SORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January
2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein theUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
Income
Incomeisderivedfromfeeschargedtoparentsand/orthelocalauthorityanddonations.IncomeisrecognisedintheStatement of
FinancialActivitiesoncethecharityhasentitlementtothefunds,itisprobablethattheincomewillbereceivedandtheamountcan be
measured reliably.
Expenditure
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostsrelatedtothe category.
Costs are inclusive of any VAT which cannot be recovered.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarisewhenspecified by
the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity'spensionschemearechargedto the
Statement of Financial Activities in the period to which they relate.
Debtors
Debtors are recognised at the settlement amount.
Creditors
Creditorsarerecognisedwherethecharityhasa presentobligationresultingfroma pasteventthatwillprobablyresultin thetransfer of
funds to a third party and the amount due to settle can be measured or estimated reliably.
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
2022 |
2021 |
|
£ |
£ |
Interest receivable |
123 |
124 |
continued...
Page 7
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
3. INDEPENDENT EXAMINER'S FEES
2022
2021 |
2022
2021 |
2022
2021 |
|
£ |
£ |
Independent examiner's fees |
500 |
500 |
|
|
|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
5. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees
No employees received emoluments in excess of £60,000. |
2022
£
240,841
5,978
3,128
249,947
2022
25 |
2021
£
253,079
6,726
3,317 |
|
|
263,122 |
|
|
2021
25 |
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
Unrestricted |
|
fund |
|
£ |
INCOME AND ENDOWMENTS FROM |
|
Charitable activities |
|
Charitable activities |
327,726 |
Investment income |
124 |
Other income |
29,179 |
Total |
357,029 |
EXPENDITURE ON |
|
Charitable activities |
|
Charitable activities |
316,822 |
NET INCOME |
40,207 |
continued...
Page 8
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Accruals and deferred income
Deferred income relates to money received in advance for services provided after the year end.
9.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years |
Unrestricted
fund
£
82,025
122,232
2022
2021
£
£
2,546
2,901
264
-
1,471
1,438
4,281
4,339
2022
2021
£
£
2,283
1,429
19,615
225
13,953
15,345
35,851
16,999
2022
2021
£
£
14,772
14,722
44,316
58,888
59,088
73,610 |
Unrestricted
fund
£
82,025
122,232
2022
2021
£
£
2,546
2,901
264
-
1,471
1,438
4,281
4,339
2022
2021
£
£
2,283
1,429
19,615
225
13,953
15,345
35,851
16,999
2022
2021
£
£
14,772
14,722
44,316
58,888
59,088
73,610 |
|
|
122,232 |
|
|
2021
£
2,901
-
1,438
4,339
2021
£
1,429
225
15,345
16,999
2021
£
14,722
58,888
73,610 |
continued...
Page 9
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
I
r
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
I
r
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
At 1.9.21
in funds
31.8.22
£
£
£
122,232
(15,851)
106,381
122,232
(15,851)
106,381
ncoming
Resources
Movement
esources
expended
in funds
£
£
£
286,932
(302,783)
(15,851)
286,932
(302,783)
(15,851)
Net
movement
At
At 1.9.20
in funds
31.8.21
£
£
£
82,025
40,207
122,232
82,025
40,207
122,232
ncoming
Resources
Movement
esources
expended
in funds
£
£
£
357,029
(316,822)
40,207
357,029
(316,822)
40,207 |
Net
movement
At
At 1.9.21
in funds
31.8.22
£
£
£
122,232
(15,851)
106,381
122,232
(15,851)
106,381
ncoming
Resources
Movement
esources
expended
in funds
£
£
£
286,932
(302,783)
(15,851)
286,932
(302,783)
(15,851)
Net
movement
At
At 1.9.20
in funds
31.8.21
£
£
£
82,025
40,207
122,232
82,025
40,207
122,232
ncoming
Resources
Movement
esources
expended
in funds
£
£
£
357,029
(316,822)
40,207
357,029
(316,822)
40,207 |
|
|
40,207 |
continued...
Page 10
BALDERTON PRE-SCHOOL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
At 1.9.20
in funds
31.8.22
£
£
£
82,025
24,356
106,381
82,025
24,356
106,381 |
Net
movement
At
At 1.9.20
in funds
31.8.22
£
£
£
82,025
24,356
106,381
82,025
24,356
106,381 |
|
|
106,381 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
643,961
(619,605)
24,356
643,961
(619,605)
24,356 |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
643,961
(619,605)
24,356
643,961
(619,605)
24,356 |
|
|
24,356 |
11. RELATED PARTY DISCLOSURES
During the year ended 31 August 2022, No related party transactions were identified. (2021: £20).
Page 11
BALDERTON PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2022 |
|
|
|
2022 |
2021 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Gifts |
1 |
- |
Investment income |
|
|
Interest receivable |
123 |
124 |
Charitable activities |
|
|
Fees from parents |
125,104 |
115,437 |
Fees from Notts County Council |
161,388 |
210,934 |
Miscellaneous income |
316 |
1,355 |
|
286,808 |
327,726 |
Other income |
|
|
Government grants |
- |
29,179 |
Total incoming resources |
286,932 |
357,029 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Wages |
240,841 |
253,079 |
Social security |
5,978 |
6,726 |
Pensions |
3,128 |
3,317 |
Telephone |
1,941 |
1,333 |
Post, stationery and computer |
2,612 |
4,381 |
Sundries |
5,332 |
7,637 |
Rent and room hire |
14,722 |
14,722 |
Food |
6,395 |
4,787 |
Materials, books etc |
2,812 |
3,053 |
Subscriptions and insurance |
2,688 |
2,139 |
Cleaning and repairs |
10,111 |
2,862 |
Training |
1,057 |
418 |
Equipment |
796 |
3,907 |
Accountancy |
3,850 |
5,506 |
Playground costs |
- |
2,455 |
Advertising |
20 |
- |
|
302,283 |
316,322 |
Support costs |
|
|
Governance costs |
|
|
Independent examiners fees |
500 |
500 |
This page does not form part of the statutory financial statements
Page 12
BALDERTON PRE-SCHOOL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2022 |
|
|
|
2022 |
2021 |
|
£ |
£ |
Total resources expended |
302,783 |
316,822 |
Net (expenditure)/income |
(15,851) |
40,207 |
This page does not form part of the statutory financial statements
Page 13